Diamond Trust Bank Kenya (DTB) has reduced the base rate for Kenya shilling-denominated credit facilities.
In a notice on July 21, DTB informed customers that it has lowered the rate by 0.2% per annum effective July 1, 2025.
“We wish to notify our esteemed customers and the general public that Diamond Trust Bank Kenya Limited (DTB) has reduced the DTB Base Rate for Kenya Shilling-denominated credit facilities from 14.41% per annum to 14.21% per annum, effective July 1, 2025,” DTB said.
DTB said the methodology for calculating the interest rate for Kenya shilling-denominated credit facilities shall be the sum of DTB Base Rate and a Variable Margin representing the customer-specific Credit Risk Premium.
Customers have been advised to contact the relationship manager for further assistance or clarification.
They can also visit DTB’s nearest branch or reach out through our contact centre.
“We thank you for your continued support and partnership,” DTB said.
Diamond Trust Bank Lending Rates Since January
DTB had announced a further reduction in its lending rates by up to 0.35% per annum, effective from 15 April 15, 2025 for new loans and from May 1, 2025, for existing loans.
This move followed earlier adjustments, bringing the total rate cut to as much as 1.96% since January 1, 2025.
The final lending rates had been determined based on individual customer profiles, in line with the Bank’s Risk-Based Credit Pricing Model and applied only to Kenya Shilling-denominated credit facilities.
DTB reaffirmed its commitment to supporting both businesses and individuals by providing competitive financial solutions aimed at accelerating growth and success.
Also Read: Diamond Trust Bank Owners, Loans Offered & Branches
CBK Lowers Lending Rates
This comes after the Central Bank of Kenya (CBK) lowered its benchmark lending rate by 25 basis points to 9.75% on June 10.
The Monetary Policy Committee (MPC) said the reduction was meant to support the recovery of private sector credit growth and bolster overall economic activity.
CBK Governor Kamau Thugge explained that the decrease in lending rates will also help maintain inflationary expectations within the target range and safeguard exchange rate stability.
Also Read: CBK Publishes List of Banks with Lowest and Highest Loan Rates
“In view of the prevailing macroeconomic conditions, the Committee concluded that there was scope for a further easing of the monetary policy stance,” Thugge said.
“This is aimed at stimulating lending by banks to the private sector and supporting economic activity, while ensuring inflationary expectations remain firmly anchored, and the exchange rate remains stable.”
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